Quick Summary
Under the amended Companies Act, 2013 and the Nidhi Rules, 2014, companies need to get themselves updated (those companies which were earlier declared as Nidhi company under the Companies Act, 1956) or declared as Nidhi company (those companies which were incorporated as Nidhi company after 01.04.2014) by applying to the Ministry of Corporate Affairs (MCA) in form NDH-4. While examining the applications in form NDH-4, it has been observed by the Central Government that these companies have not b
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FAQ :
The MCA is advising investors to verify the antecedents and official status of Nidhi companies, particularly their declaration by the Central Government, before becoming a member or investing.
Applications are being rejected because many companies have not been complying with the provisions of the Nidhi Rules, 2014, when applying for declaration.
The relevant rules are the amended Companies Act, 2013, and the Nidhi Rules, 2014.
Companies need to apply using form NDH-4 to be updated or declared as a Nidhi company.
The Central Government declares a company as a Nidhi Company.
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